Revenue anticipation bonds issued under this division shall not be a debt of the municipality or county within the meaning of the Constitution, and the municipality or county shall not be liable thereon nor shall they be payable out of any funds other than the revenue obtained therefrom, anything contained in this division to the contrary notwithstanding, and every bond issued under this division shall contain a recital to that effect.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 81 - Municipal and County Bonds.
Article 4 - Public Improvement Bonds.
Division 2 - Bonds for Certain Revenue-Producing Undertakings.
Section 11-81-140 - Definitions.
Section 11-81-145 - Evidence of Validity of Bonds.
Section 11-81-146 - Lien of Bonds.
Section 11-81-147 - Liability of Municipalities or Counties on Bonds.
Section 11-81-148 - Exercise of Municipal or County Taxing Power, etc., for Payment of Bonds.
Section 11-81-149 - Exemption From Taxation of Undertakings, Bonds, Etc.